This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

Jim Cramer: Bulls Betting on GOP Nostalgia

Oct 01, 2013 | 10:58 AM EDT

Editor's Note: This article was originally published at 7:43 a.m. EDT on Real Money on Oct. 1. To see Jim Cramer's latest commentary as it's published, sign up for a free trial of Real Money.

NEW YORK (
Real Money) -- I will say this about the more "out there" Republicans in Congress. They are not about business. Not one bit.

For most of my life the Republican party was the party of business. The GOP stood for whatever was good for sales and profits. The left would always claim that's because the Republicans were rich and their constituents were rich. Every now and then, particularly in the Northeast, you would hear about Republicans who balanced these issues with concerns about workers. These were noblesse oblige Republicans.

Republicans were about capital and Democrats were about labor. But over time, we've seen Republicans cleave into two parties, a majority that says it is pro-small business -- which is not the capital wing per se -- and a minority that doesn't respect the primacy of the federal government itself.

The minority, which hates being characterized by anyone other than themselves, seems to have become more about single issues, to play to their base so they can get on the ballot as Republicans in their re-districted safe seats. The intense voters in primaries are not pro-business (that I can tell) and right now, at least, these Tea Party-like GOPers are willing to sacrifice a lot of the old mantras to get their nominations. In fact, the Republicans in this wing of the party think they WOULD be sacrificed if they went with the old capital mantra. They can't be appealed to by someone in the GOP who is pro-capital because a pro-capital view could cause them to lose their nominations the next time around and they don't seem to need the funds from the pro-capital wing to win. This wing of the party seems united by only one thing: hatred of the president.

Now, to prove a point, anyone can try to throw a monkey wrench into things. Republicans of all stripes seem to want to hold up a budget that can be considered too profligate by some in the pro-capital wing and too Democratic by those die hards who don't understand their party lost the general election.